Dockside LLC Acquires Shares of 56,884 NETSTREIT Corp. $NTST

Dockside LLC acquired a new position in shares of NETSTREIT Corp. (NYSE:NTST) in the second quarter, Holdings Channel reports. The fund acquired 56,884 shares of the company’s stock, valued at approximately $1,202,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Royal Bank of Canada raised its stake in shares of NETSTREIT by 343.1% during the first quarter. Royal Bank of Canada now owns 36,730 shares of the company’s stock worth $582,000 after purchasing an additional 28,441 shares during the last quarter. Amundi grew its position in NETSTREIT by 1.6% in the 1st quarter. Amundi now owns 45,361 shares of the company’s stock valued at $709,000 after buying an additional 704 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in NETSTREIT by 10.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,757 shares of the company’s stock valued at $773,000 after buying an additional 4,501 shares during the period. Goldman Sachs Group Inc. increased its stake in NETSTREIT by 3.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 499,346 shares of the company’s stock valued at $7,915,000 after buying an additional 17,188 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in NETSTREIT by 8.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 567,532 shares of the company’s stock worth $8,995,000 after buying an additional 42,121 shares during the last quarter.

Insider Buying and Selling

In related news, CEO Mark Manheimer acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were purchased at an average price of $19.19 per share, with a total value of $95,950.00. Following the completion of the acquisition, the chief executive officer owned 415,260 shares in the company, valued at approximately $7,968,839.40. This represents a 1.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.66% of the company’s stock.

NETSTREIT Trading Up 0.5%

NYSE:NTST opened at $20.71 on Friday. NETSTREIT Corp. has a 1 year low of $17.02 and a 1 year high of $22.47. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.54 and a current ratio of 3.55. The stock has a fifty day moving average price of $20.99 and a two-hundred day moving average price of $20.34. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 138.09, a PEG ratio of 2.65 and a beta of 0.81.

NETSTREIT (NYSE:NTST) last issued its earnings results on Wednesday, July 22nd. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). NETSTREIT had a return on equity of 0.95% and a net margin of 6.35%.The company had revenue of $61.28 million for the quarter, compared to analysts’ expectations of $56.41 million. NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. As a group, sell-side analysts anticipate that NETSTREIT Corp. will post 1.31 earnings per share for the current fiscal year.

NETSTREIT Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.225 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.90 annualized dividend and a dividend yield of 4.3%. NETSTREIT’s dividend payout ratio (DPR) is 586.67%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NTST. Robert W. Baird raised their target price on shares of NETSTREIT from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. UBS Group set a $22.00 price target on shares of NETSTREIT in a research note on Thursday, June 18th. Scotiabank cut their price target on shares of NETSTREIT from $23.00 to $22.00 and set a “sector outperform” rating for the company in a report on Thursday, June 18th. Wells Fargo & Company raised their price objective on shares of NETSTREIT from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NETSTREIT in a report on Friday, August 7th. Thirteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, NETSTREIT presently has an average rating of “Moderate Buy” and a consensus price target of $23.19.

About NETSTREIT

NetSTREIT Corp. is a real estate investment trust that specializes in the acquisition and management of single‐tenant, net lease retail properties across the United States. The company targets assets leased to investment‐grade or creditworthy tenants under long‐term, triple‐net leases, which generally shift property‐level expenses—such as taxes, insurance and maintenance—to the tenant. This business model is designed to generate predictable, stable income streams and to limit landlord responsibilities.

NetSTREIT’s portfolio encompasses a diversified mix of essential retail and service properties, including quick‐service restaurants, convenience stores, banks, automotive service centers and medical clinics.